Price Action To Observe: Is Robert Half International Inc. a Buy? The Stock Rises Again

Price Action To Observe: Is Robert Half International Inc. a Buy? The Stock Rises Again

The stock of Robert Half International Inc. (NYSE:RHI) is a huge mover today! About 462,331 shares traded hands. Robert Half International Inc. (NYSE:RHI) has declined 8.22% since March 1, 2016 and is downtrending. It has underperformed by 17.46% the S&P500.
The move comes after 6 months positive chart setup for the $4.95B company. It was reported on Oct, 4 by Barchart.com. We have $49.36 PT which if reached, will make NYSE:RHI worth $1.44 billion more.

Analysts await Robert Half International Inc. (NYSE:RHI) to report earnings on October, 19. They expect $0.70 EPS, down 4.11% or $0.03 from last year’s $0.73 per share. RHI’s profit will be $90.56 million for 13.66 P/E if the $0.70 EPS becomes a reality. After $0.71 actual EPS reported by Robert Half International Inc. for the previous quarter, Wall Street now forecasts -1.41% negative EPS growth.

Robert Half International Inc. (NYSE:RHI) Ratings Coverage

Out of 11 analysts covering Robert Half International (NYSE:RHI), 3 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 27% are positive. Robert Half International has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Northcoast on Thursday, September 29 to “Sell”. The rating was downgraded by Avondale on Wednesday, April 27 to “Market Perform”. The stock of Robert Half International Inc. (NYSE:RHI) earned “Buy” rating by Jefferies on Friday, July 31. Barclays Capital maintained it with “Underweight” rating and $50 target price in Friday, October 23 report. The company was initiated on Tuesday, March 22 by Sterne Agee CRT. Credit Suisse downgraded Robert Half International Inc. (NYSE:RHI) rating on Monday, October 3. Credit Suisse has “Underperform” rating and $33 price target. As per Wednesday, July 13, the company rating was downgraded by Bank of America. Macquarie Research initiated Robert Half International Inc. (NYSE:RHI) rating on Friday, August 26. Macquarie Research has “Neutral” rating and $43 price target. As per Tuesday, July 28, the company rating was downgraded by Barclays Capital. The firm has “Neutral” rating given on Friday, October 23 by Macquarie Research.

According to Zacks Investment Research, “Robert Half International Inc. is the world’s largest specialized provider of temporary and permanent personnel in the fields of accounting and finance. Its divisions include ACCOUNTEMPS-Registered Trademark- and ROBERT HALF-Registered Trademark-, providers of temporary and permanent personnel, respectively, in the fields of accounting and finance.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.12, from 1.22 in 2016Q1. The ratio dropped, as 50 funds sold all Robert Half International Inc. shares owned while 137 reduced positions. 50 funds bought stakes while 155 increased positions. They now own 107.34 million shares or 7.60% less from 116.16 million shares in 2016Q1.
Royal London Asset Mgmt has 43,682 shares for 0.03% of their US portfolio. Invesco Limited has invested 0% of its portfolio in Robert Half International Inc. (NYSE:RHI). Cantab Cap Prtnrs Llp holds 10,931 shares or 0% of its portfolio. Everence Cap Management accumulated 0.07% or 6,317 shares. Clark Estates Ny has invested 0.45% of its portfolio in Robert Half International Inc. (NYSE:RHI). Blackrock accumulated 0.03% or 533,994 shares. The Pennsylvania-based Brandywine Glob Invest Mngmt Ltd has invested 0.03% in Robert Half International Inc. (NYSE:RHI). Old Commercial Bank In holds 0.02% or 10,205 shares in its portfolio. Hartford Investment holds 0.03% or 31,733 shares in its portfolio. State Of Wisconsin Board has invested 0.03% of its portfolio in Robert Half International Inc. (NYSE:RHI). Johnson Fin Grp holds 645 shares or 0% of its portfolio. Cfo4life Lp last reported 0.36% of its portfolio in the stock. The California-based Forward Management has invested 0.05% in Robert Half International Inc. (NYSE:RHI). Lord Abbett & Lc has invested 0.04% of its portfolio in Robert Half International Inc. (NYSE:RHI). Globeflex Capital Limited Partnership, a California-based fund reported 11,776 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 1 insider sale for $1.11 million net activity. GLASS ROBERT W sold 30,061 shares worth $1.11 million.

More notable recent Robert Half International Inc. (NYSE:RHI) news were published by: Benzinga.com which released: “Robert Half Downgraded On Lack Of Catalysts At Credit Suisse” on October 03, 2016, also Fool.com with their article: “Why Shares of Robert Half International Inc. Tumbled Today” published on July 27, 2016, Forbes.com published: “Ex-Dividend Reminder: CA, Robert Half International and Nielsen Holdings” on August 19, 2016. More interesting news about Robert Half International Inc. (NYSE:RHI) were released by: Benzinga.com and their article: “Benzinga’s Top Downgrades” published on October 03, 2016 as well as Bna.com‘s news article titled: “California Justices Reluctant to Change Class Fee Calculus” with publication date: June 03, 2016.

RHI Company Profile

Robert Half International Inc., incorporated on October 18, 1979, provides specialized staffing and risk consulting services through the Company’s divisions, such as Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. The Firm operates through three divisions: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services. The Company, through its Accountemps, Robert Half Finance & Accounting and Robert Half Management Resources divisions, is a specialized well-known provider of temporary, full-time, and project professionals in the fields of accounting and finance. The Company’s OfficeTeam specializes in skilled temporary administrative support personnel. The Company’s Robert Half Technology provides information technology (IT) professionals. The Company’s Robert Half Legal provides temporary, project and full-time staffing of attorneys and specialized support personnel within law firms and corporate legal departments. The Creative Group provides project staffing in the interactive media, design, and marketing fields. Protiviti is a global business consulting and internal audit firm. Protiviti primarily employs professionals specializing in risk, advisory and transactional services. Protiviti Inc. is the subsidiary of the Company.

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